Bank of Africa review
Updated October 13, 2026 · VaultCue Editorial Team
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Our verdict
Bank of Africa concentrates on daily banking within Morocco rather than serving many markets at once. It is a bank for individuals who want current accounts, cards, loans and insurance managed in one familiar place with support for routine needs.
Key facts
- Best for
- Everyday banking for life in Morocco
- Monthly fee
- MAD 0↗
- Transfer fee
- No transfer fee (only exchange commission on TAPTAP SEND)↗
- Legal entity
- BANK OF AFRICA (ex BMCE BANK) - S.A.↗
- Headquarters
- Morocco↗
- Founded
- 1959↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Pricing model
- No monthly fee, Fixed rate
- Official website
- bankofafrica.ma
Savings
Money transfer
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- Google Play
Pros and cons
Pros
- Focused range for individuals handling daily money in Morocco
- Covers accounts, cards, loans and insurance in one place
- Everyday accounts shaped around routine needs and habits
- Clear African outlook that guides its banking vision
Cons
- Serves one national market rather than several countries
- Centred on individuals rather than wider customer groups
- Stays with traditional banking products without wider extras
Who it suits
- People living in Morocco managing daily expenses
- Individuals wanting accounts, cards and loans together
Who should look elsewhere
- People seeking banking outside Morocco
How Bank of Africa compares
Frequently asked questions
What products does Bank of Africa cover?+
Bank of Africa covers current accounts, cards, loans and insurance for individuals. The range centres on everyday money needs alongside borrowing and protection. Everything sits under one bank in Morocco so routine finances stay together.
Where does Bank of Africa operate?+
Bank of Africa serves individuals in Morocco and shapes its banking around daily life there. Its message speaks to people living in the country. It presents itself as a bank that stays close to local routines.
Who is Bank of Africa for?+
The bank suits individuals who want an account that follows everyday habits. It fits people who prefer accounts, cards, borrowing and insurance from one provider. It appeals to residents who value simple daily management in Morocco.
How do its everyday accounts work?+
Its everyday accounts adapt to your routine and aim to simplify daily money tasks. They connect spending, cards and other banking needs in one place. The idea is that the account follows your habits rather than the reverse.
What outlook guides Bank of Africa?+
The bank expresses strong belief in Africa and its potential for the century ahead. It describes the continent as dynamic, confident and anchored in its time. That vision informs how it presents its role to the public.
Sources
- bankofafrica.ma/fr/groupe/notre-histoire checked September 26, 2026
Backs: Founded
- bankofafrica.ma/fr/groupe/politique-de-confidentialite checked September 26, 2026
Backs: Headquarters, Legal entity, Support channels
“140, avenue Hassan II - 20 000 Casablanca - Maroc”
- bankofafrica.ma/fr/marocains-du-monde/applications/daba-t... checked September 26, 2026
Backs: Delivery time
- bankofafrica.ma/fr/marocains-du-monde/transfert-dargent-e... checked September 26, 2026
Backs: Payout methods, Transfer fee, Fee to send 1,000
- bankofafrica.ma/fr/particuliers/placements/depot-terme checked September 26, 2026
Backs: Access terms, Account kind, Pricing model, Monthly fee, Rate type, Term
Compiled from 5 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currency conversion fee, Currencies.